Taking on analysts’ expectations and winning: Tenaya Therapeutics Inc (TNYA)

With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.22 million shares. The 52-week range on TNYA shows that it touched its highest point at $7.01 and its lowest point at $0.86 during that stretch. It currently has a 1-year price target of $19.14. Beta for the stock currently stands at 2.85.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TNYA was up-trending over the past week, with a rise of 18.71%, but this was down by -20.00% over a month. Three-month performance dropped to -44.55% while six-month performance fell -61.25%. The stock lost -80.62% in the past year, while it has lost -21.68% so far this year. A look at the trailing 12-month EPS for TNYA yields -1.48 with Next year EPS estimates of -1.25. For the next quarter, that number is -0.31. This implies an EPS growth rate of 19.60% for this year and 7.81% for next year. EPS is expected to grow by 8.78% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -27.43%.

Float and Shares Shorts:

At present, 79.22 million TNYA shares are outstanding with a float of 65.31 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNYA since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.29076 being high and -$1.39082 being low. For TNYA, this leads to a yearly average estimate of -$1.3508. Based on analyst estimates, the high estimate for the next quarter is -$0.3 and the low estimate is -$0.36. The average estimate for the next quarter is thus -$0.33.